- EUR / JPY remains very firm and is approaching the 130.00 level.
- Above 130.00 it is at the November 2018 high at 130.14.
The EUR / JPY cross extends the current bullish momentum and is approaching the psychological hurdle of 130.00.
A move above the 130.00 level should put 130.14 (7 Nov 2018 high) back on the radar before targeting the summer 2018 high of 131.98 (Jul 17).
Reinforcing the idea of ​​further rises, the EUR / JPY continues to move above the immediate support line (from the low of November 19, 2020) near 126.65. This zone is reinforced by the 55-day SMA.
Looking at the broader outlook, as long as EUR / JPY remains above the 200 SMA today at 124.19, the outlook for should remain constructive.
EUR / JPY daily chart
EUR / JPY technical levels
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
